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Steve St. Angelo: Big premiums, delayed delivery for real silver
4:48p ET Friday, March 20, 2020
Dear Friend of GATA and Gold:
In an interview yesterday with Tom Cloud of Cloud Hard Assets, Steve St. Angelo of the SRSrocco Report examined the big premiums commanded by silver products over spot silver prices, ranging from $2.75 per ounce for silver rounds, to $5.60 per ounce for silver U.S. Eagles and Canadian Maples, to $6.85 per ounce for "junk" U.S. silver coins.
Just three weeks ago, St. Angelo reports, "junk" silver was selling for just 20 cents over spot.
Additionally, according to St. Angelo, there are fairly long delivery times to deal with.
His report is headlined "What's Happening with the Gold & Silver Market: My Conversation with Precious Metals Dealer Tom Cloud" and it's posted at the SRSrocco Report here:
https://srsroccoreport.com/whats-happening-with-gold-silver-market-my-co...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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